Drip Irrigation Market

Jain Irrigation Systems Ltd. (India) and Netafim Limited (Israel) are the Key Players in the Drip Irrigation Market

The drip irrigation market is estimated to be valued at USD 4.9 billion in 2019 and is projected to reach USD 8.5 billion by 2025, at a CAGR of 9.6% during the forecast period. The growth of the drip irrigation market is driven by factors such as enhanced crop yields and increasing efficiency in agricultural production.

The key manufacturers of drip irrigation systems and components in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co. Ltd. (China), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia), EPC Industries (India), Microjet Irrigation (South Africa), T-L Irrigation (US), Sistema Azud (Italy), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US).

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Jain Irrigation Systems Ltd. (India) is primarily engaged in the design, manufacture, and sales of irrigation systems, piping products, and plastic sheets. The company operates through four business segments—high-tech agro-input products, plastics division, agro-processing division, and others. Through its high-tech agro-input products segment, the company manufactures and markets irrigation systems, such as drip and sprinkler, mainly for agricultural businesses. Jain Irrigation offers a broad portfolio of drip irrigation products that are sold in India and other regions through its subsidiaries and distributors. It is also involved in the manufacturing of fruit/vegetable juices, concentrates, squash, and powders. The company operates, globally, through its subsidiaries Jain Irrigation (India), Cascade Specialties (US), and Jain Sulama Sistemleri Sanayi Ve Ticaret Anonim Sirkti (Turkey). Jain Irrigation operates through its production sites in 24 countries around the world and offers its products and solutions to customers across 130 countries, as of 2018. The company maintains operations that are spread across the US, Europe, the Middle East, Africa, and the Asia Pacific. The company’s recent activities, including the acquisition of Agri-Valley Irrigation, LLC. (AVI) (US), Irrigation Design and Construction, LLC (IDC) (US), and Driptech India Pvt. Ltd. (India) highlight its focus on inorganic growth strategies. Jain Irrigation has a strong base in drip irrigation, which is driven by its vast portfolio of products that are tailored to different terrains and scenarios. The company’s focus on R&D has helped propel the growth prospects for its products to meet customer requirements. Its emphasis on inorganic growth strategies has helped ensure stronger growth over the past three years as they seek to diversify their business prospects across multiple verticals.

Netafim Limited (Israel) is among the major global leaders in irrigation solutions and agricultural projects. The company manufactures and distributes crop management technologies, which includes monitoring and control systems, dosing systems, and crop management software. The company provides drippers and dripper lines; sprinklers and micro sprinklers; filters; valves; connectors; and polyethylene pipes. It also offers NetMaize—an irrigation application that provides information about water efficiency, plant health, and soil moisture conditions; NetSpex—a sprinkler system designer that allows users to select and compare the sprinklers; and Hydrocalc—an irrigation system design software that enables users to calculate micro irrigation performance. Additionally, the company also provides NetBeat, a digital farming solution that allows automated irrigation and crop protection. Netafim comprises 28 subsidiaries and 17 manufacturing plants across the world. It offers innovative solutions for growers in over 110 countries, including Australia, Mexico, Argentina, Brazil, Thailand, China, Japan, Columbia, France, Germany, Russia, Turkey, and Israel. Netafim provides diverse solutions for agriculture, greenhouses, landscaping, and mining. The company has a wide array of products designed to cater to the drip irrigation industry and has showcased strong growth potential in the past decade. The company’s recent acquisition by Mexichem (Mexico), is expected to further aid the company’s growth in the North American market through the parent company’s network. Its growth strategies are organic and inorganic to supplement market growth. Netafim has a strong focus on innovation and product development, which is spearheaded by its collaborative efforts and product launches. The company has been concentrating on tie-ups with cooperative societies, farmer groups, and sugarcane factories in the Asia Pacific region to increase their market reach and revenues.

Related Reports:

Drip Irrigation Market by Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, and Pressure Pumps), Emitter/Dripper Type (Inline and Online), Application (Surface and Subsurface), Crop Type, and Region - Global Forecast to 2025

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Report Code
AGI 3730
RI Published ON
5/30/2019
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